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Nigeria’s Largest Power Plant Owed N40b

Nigeria’s largest power plant, Egbin Power Plc, said it is owed more than N40 billion ($202 million) and is facing persistent gas supply shortages despite boosting capacity, highlighting continuing challenges in ending daily blackouts since private companies took over the state utilities two years ago. Its Chief Executive Officer Dallas Peavey Jr. said the generating […]

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Synagogue: Court Stops Engineers’ Prosecution

The Federal High Court in Lagos yesterday restrained Lagos State from prosecuting two engineers, who built the collapsed guest house of the Synagogue Church of All Nations (SCOAN). Justice Ibrahim Buba granted an order of injunction barring the commissioner of police from arresting and detaining the applicants. The orders, the judge said, will subsist, until […]

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South Africa Knocks Nigeria off its Perch as “Most Corrupt” African Country

South Africa is now believed to be the most corrupt country on the continent, according to a new survey. The latest report by Transparency International sees South Africa top the list of countries where citizens believe the problem has got worse in the last year. Over 80% of South Africans who were interviewed thought that […]

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Stock Market Hits 3-year Low on Persistent Bear Run

The persistent decline of stock prices on the Nigerian bourse sent the market to a three-year low on Monday as the Nigerian Stock Exchange (NSE) All-Share Index (ASI) went down by 0.84 per cent to be at 27,385.69. The market has recorded a month-to-date and year-to-date decline of 6.1 per cent and 20.3 per cent […]

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Senate Passes N574.5b Supplementary Budget

The initial controversy that trailed the 2015 Supplementary Appropriation notwithstanding, the Senate on Tuesday passed the sum of N574, 532,726,857 billion proposed by President Muhammadu Buhari in the budget. The Supplementary Budget submitted to the Senate two weeks ago by President Buhari invariably enjoyed speedy passage amid resolve by Senators to remove all obstacles likely […]

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Boko Haram: FG Urged To Ban Use Of Veils

Sapele—A human rights activist in Sapele, Delta State, Mr James Idoghor, has called on the Federal Government to ban the wearing of veils across the country, noting that hoodlums were perpetrating crimes with them. Idogho, who expressed concern over the inability of the Federal Government to find the over 200 missing Chibok girls, and the […]

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Buhari’s Govt Will Start Firing From All Cylinders – Lai Mohammed

The Minister of Information and Culture, Alhaji Lai Mohammed, has assured Nigerians of better times ahead, saying they will soon get the change they voted for. ”This Government will not give excuses. The painstaking and methodical approach by the Buhari Administration, its deep analysis and understanding of the challenges and the recent inauguration of the […]

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LCCI lauds turnout, conduct at Lagos 2015 Trade Fair

The Lagos Chamber of Commerce and Industry (LCCI) on Saturday expressed satisfaction at the turnout and conduct of exhibitors at the 2015 edition of the Lagos International Trade Fair. Dr Michael Olawale-Cole, the Chairman, Trade Promotions Board of the LCCI, disclosed this during a news conference to evaluate the activities of the ongoing trade fair […]

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Trade Fair : Visitors flock fair ground, exhibitors slash prices

Twenty four hours to the end of the 29th Lagos International Trade Fair, visitors have flocked the Tafawa Balewa Square venue while exhibitors have slashed prices of their products. The News Agency of Nigeria (NAN) reports that the exhibitors had earlier complained about low turnout of visitors and attributed the situation to the state of […]

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Federation hopeful of more slots in 2016 Olympics

The Nigeria Rowing, Canoeing and Sailing Federation (NRCSF) on Saturday expressed optimism that more of it athletes would qualify for the 2016 Rio Olympics Games in Brazil. The News Agency of Nigeria (NAN) reports that Chierika Ukogo and Jonathan Akinyemi had already qualified for rowing and canoeing event, respectively, at the Olympics. Bunmi Oluode, Secretary […]

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Be patient with APC over campaign promises, Dogara tells Nigerians

Speaker of the House of Representatives, Yakubu Dogara, has appealed to Nigerians to be more patient with the All Progressives Congress (APC) led government over its campaign promises. This was contained in a statement issued on Saturday in Abuja by Dogara’s Special Adviser on Media and Public Affairs, Mr Turaki Hassan. Dogara made the appeal […]

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Army confirms arrest of another wanted Boko Haram suspect in Borno

The Nigerian Army on Saturday, confirmed the arrest of another suspected Boko Haram terrorist, whose picture was released alongside 99 others on the Army’s wanted list of terrorists. This is contained in a statement made available to newsmen on Saturday in Abuja by the acting Army spokesman, Col. Sani Usman. Usman said in the statement […]

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